SentinelOne Announces $200M Series E
03 Junio 2020 - 5:53AM
Business Wire
Cybersecurity’s Fastest Growing Platform Now
Valued at Over $1 Billion
SentinelOne, the autonomous endpoint protection company, today
announced it has raised $200 million in Series E funding led by
global venture capital and private equity firm Insight Partners,
with participation from Tiger Global Management, Qualcomm Ventures
LLC, Vista Public Strategies of Vista Equity Partners, Third Point
Ventures, and previous investors. The round elevates SentinelOne’s
valuation to $1.1 billion. The funding will enable SentinelOne to
continue accommodating record breaking customer demand and
accelerate growth as the world’s next great cybersecurity
platform.
SentinelOne’s explosive growth is a testament to the company’s
ability to execute, staying one step ahead of the ever-evolving
threat landscape while shaping and disrupting multiple categories.
SentinelOne is the first to expand from cloud-native endpoint
protection to a full cybersecurity platform -- that protects and
monitors every asset in the enterprise. Leveraging patented
behavioral and static AI models, SentinelOne seamlessly unifies
endpoint protection (EPP), endpoint detection and response (EDR)
with ActiveEDR, IoT control with SentinelOne Ranger, and container
and cloud-native workload protection into the Singularity Platform
for an unprecedented level of autonomous protection.
“The cybersecurity demands of today’s enterprises have evolved,
and we’ve taken endpoint protection far beyond what it once was.
Instead of solely protecting laptops, desktops, and servers with
EPP and EDR capabilities, we protect the entire network edge with
flexible, autonomous technology -- from containerized workloads in
the cloud and data center to IoT devices,” said Tomer Weingarten,
CEO and Co-founder, SentinelOne. “Leveraging AI to process enormous
amounts of data in real time allows our customers to stay secure
from all vectors of attack. Delivering value to customers well
beyond the traditional endpoint is what positions SentinelOne as
the fastest growing and most promising cybersecurity platform.”
In 2019, SentinelOne was named the seventh fastest growing
company in North America, the fastest growing in Silicon Valley,
and was the only cybersecurity company recognized in the top 10 of
the Deloitte Technology Fast 500™. SentinelOne was also the only
endpoint protection company on the Forbes AI 50 list, recognizing
the 50 most promising companies using AI as a core part of its
business model and success.
SentinelOne serves 3 of the Fortune 10 and hundreds of Global
2,000 enterprises amongst its more than 3,500 customers. Additional
growth points highlighting the company’s business traction
include:
● 134% net customer retention rate
● 113% YoY new logo bookings growth
● 104% YoY revenue growth
● 150% YoY growth in transactions over $2MM
“Competition in the endpoint market has cleared with a select
few exhibiting the necessary vision and technology to flourish in
an increasingly volatile threat landscape,” said Teddie Wardi,
Managing Director, Insight Partners. “As evidenced by our ongoing
financial commitment to SentinelOne along with the resources of
Insight Onsite, our business strategy and ScaleUp division, we are
confident that SentinelOne has an enormous opportunity to be a
market leader in the cybersecurity space.”
About Insight Partners
Insight Partners is a leading global venture capital and private
equity firm investing in high-growth technology and software
companies that are driving transformative change in their
industries. Founded in 1995, Insight currently has over $20 billion
of assets under management and has cumulatively invested in more
than 300 companies worldwide. Our mission is to find, fund, and
work successfully with visionary executives, providing them with
practical, hands-on growth expertise to foster long-term success.
Across our people and our portfolio, we encourage a culture around
a core belief: growth equals opportunity. For more information on
Insight and all its investments, visit www.insightpartners.com or
follow us on Twitter @insightpartners.
About SentinelOne
SentinelOne is the only cybersecurity solution encompassing
AI-powered prevention, detection, response and hunting across
endpoints, containers, cloud workloads, and IoT devices in a single
autonomous platform. With SentinelOne, organizations gain full
transparency into everything happening across the network at
machine speed – to defeat every attack, at every stage of the
threat lifecycle. To learn more visit www.sentinelone.com or follow
us at @SentinelOne, on LinkedIn or Facebook.
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version on businesswire.com: https://www.businesswire.com/news/home/20200603005407/en/
Jake Schuster fama PR for SentinelOne P: 617-986-5021 E:
S1@famapr.com
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